Aluminium Futures Dip 0.61% On Subdued Demand

Aluminium futures were trading lower during the noon trade in the domestic market on Tuesday as speculators cut down their bets, driven by muted demand at the spot market. Analysts said trimming of positions by participants on the back of tepid demand from consuming industries at the spot market mainly influenced aluminium prices at futures trade.

At the MCX, aluminium futures for August 2017 contract is trading at Rs 121.95 per kg, down by 0.61 per cent, after opening at Rs 122.50, against a previous close of Rs 122.70. It touched the intra-day low of Rs 121.85 (at 14: 30 hours).

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